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how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having here. >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? we have a debate coming up. gerri: a ticking timebomb inside the federal budget. putting taxpayers on the hook for billions of dollars. student loans, that's what i'm talking about. escalating with delinquency rates hitting an all-time high. outstripping any other consumer debt. our student loans getting out of control? thank you for joining us. we really appreciate your time. the president is talking about higher education and how it should be an economic imperative. listen to this. >> a higher education is no longer a luxury. it is an economic imperative in the 21st century. it is part of what we need to succeed in this global economy. and i'm going to fig for every young person is willing to work hard to get an education. gerri: should everyone have a college degree
how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having here. >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? we have a debate coming up. gerri: a ticking timebomb inside the federal budget. putting taxpayers on the hook for billions of dollars. student loans, that's what i'm talking about. escalating with delinquency rates...
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and $300 billion in cuts to other government spending. in the letter to the president, republicans write: this is by no means an adequate long-term solution as resolving the long-term fiscal crisis will require fundamental entitlement reforms. >> reporter: before receiving that offer, the white house said it was looking for more specifics than republicans have just put on the table. >> making vague promises about achieving revenue through capping deductions or closing loopholes simply doesn't add up to a serious proposal. we haven't heard which deductions they would cap or which loopholes they would close. >> reporter: erskine bowles, the co-chair of the president's debt commission and the former chief of staff of president bill clinton, floated a similar plan last year. in embracing it, republicans are claiming bipartisan ship, and it's now up to the white house to respond. back to you. >> getting very interesting. thank you very much, rich edson. david: thanks, rich. well, washington doesn't seem to be get withing close to a debt deal,
and $300 billion in cuts to other government spending. in the letter to the president, republicans write: this is by no means an adequate long-term solution as resolving the long-term fiscal crisis will require fundamental entitlement reforms. >> reporter: before receiving that offer, the white house said it was looking for more specifics than republicans have just put on the table. >> making vague promises about achieving revenue through capping deductions or closing loopholes...
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the government says drugs are illegal, drugs everywhere, just because the government is going to say now what we're going to limit guns, why do people think that's not going to have the same results? >> we have an extraordinary run-up in the sale of guns this year and especially that black friday record which was stunning. thank you very much indeed. and how is this for economic controversy? baby tourism in california. charging residents in china to stay until their baby is born. and hot topic, we're talking about it and this will be new at ten that's next. ♪ stuart: new at 10:00 o'clock. controversy at a whole. mothers are willing to spend thousands of dollars to have their babies here in america. we will talk to the judge about this in just a couple of minutes. the very big story today is this. you have no idea what taxes you will be paying and 2013. if the white house has its way, it will be all taxes, all the time. the democrats are holding the line on big tax increases. we are talking about that right from the start on this monday morning. it is a go nowhere monday. there is l
the government says drugs are illegal, drugs everywhere, just because the government is going to say now what we're going to limit guns, why do people think that's not going to have the same results? >> we have an extraordinary run-up in the sale of guns this year and especially that black friday record which was stunning. thank you very much indeed. and how is this for economic controversy? baby tourism in california. charging residents in china to stay until their baby is born. and hot...
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it funds eight and a half days of government. where's the other 355-days you have to fund? it's a panacea. one thing that's gets people lathered up, we got to get serious and talk about tree balancing our budget. this is not going to do it by what the president says that he wants to do. tracy: not just a deal, but a good one, not just kicking it down the road. thank you for sharing your thoughts. >> you're very welcome. thank you for having me. dennis: auto sales surge, why car dealers tip their hats with sandy, but fear the fiscal cliff. tracy: thiid time the charm for hefner? god love him. getting marrieded gain to a woman 60 years younger. come on, give him a high five for that. dennis: better living through chemicals. the perfect place where he should hold his wedding. getting into the marriage biz. tracy: looking at oil, phil flynn is live at the cme next with the reasons why oil went up, basically, flat now, $18.18 a barrel. we'll be right back. want to try to crack it? yeah, that's the way to do it! now we ne a little bit more... [ male announc ] at humana, we unders
it funds eight and a half days of government. where's the other 355-days you have to fund? it's a panacea. one thing that's gets people lathered up, we got to get serious and talk about tree balancing our budget. this is not going to do it by what the president says that he wants to do. tracy: not just a deal, but a good one, not just kicking it down the road. thank you for sharing your thoughts. >> you're very welcome. thank you for having me. dennis: auto sales surge, why car dealers...
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gm had criticism because a lot of sales are driven by government purchases. we as taxpayers own a significant share of gm that is little questionable. >> gm premium brands saw most growth, buick, cadillac and gmc. chevrolet was kind of flat. last year at this time they had heavy incentives they didn't meet this time around so sales were down. pickup trucks were down. they have new vehicles are coming next year. they're clearing out new current models. they hurt on pickup salls. premium brands are hurting as well. premium and luxury brands are doing well. lori: where is at toe industry related to historic highs? >> this is ahead of expectations this year. definitely really good and it is growing. whether or not the fiscal cliff happens we'll see if things change. for right now consumers don't seem to be concerned. lori: i was trying to avoid the topic. always talking about the fiscal cliff. i will say good-bye. no fiscal cliff. thank you, gary. pressure. melissa: the problem with online shopping used to be you had to wait in order to get what you ordered but n
gm had criticism because a lot of sales are driven by government purchases. we as taxpayers own a significant share of gm that is little questionable. >> gm premium brands saw most growth, buick, cadillac and gmc. chevrolet was kind of flat. last year at this time they had heavy incentives they didn't meet this time around so sales were down. pickup trucks were down. they have new vehicles are coming next year. they're clearing out new current models. they hurt on pickup salls. premium...
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now the government says he's got to go. but is that fair? that's straight ahead ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >> gretchen: good morning, everybody. hope you had a great weekend. it's monday, december 3, 2012. i'm gretchen carlson. thanks for sharing your time. 29 days left from the pick cliff. it will be here before we know it. and that is what republicans say, that's what they'
now the government says he's got to go. but is that fair? that's straight ahead ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable...
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the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a result we have seen a turn-around in today's session, up more than 6%. back to you. >> ocekay, thanks mary. >>> fitch is out with its latest ratings on u.s. states. we have a look at which ones face the biggest threat from the fiscal cliff. >>> later, if you own a car but never drive it, you might be able to make some money off it. ashton kutcher and marissa mayer are backing the start up. the ceo of get-around is coming up. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, th
the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a result we have seen a turn-around in today's session, up more than 6%. back to you. >> ocekay, thanks mary. >>> fitch is out with its latest ratings on u.s. states. we have a look at which ones face the biggest threat from the fiscal cliff....